Greif Valuation

Is GR3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GR3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GR3 (€65.5) is trading below our estimate of fair value (€227.34)

Significantly Below Fair Value: GR3 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for GR3?

Key metric: As GR3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GR3. This is calculated by dividing GR3's market cap by their current earnings.
What is GR3's PE Ratio?
PE Ratio12.6x
EarningsUS$266.50m
Market CapUS$3.46b

Price to Earnings Ratio vs Peers

How does GR3's PE Ratio compare to its peers?

The above table shows the PE ratio for GR3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.9x
WCH Wacker Chemie
28.3x37.0%€3.5b
NDA Aurubis
9x-6.2%€3.4b
SDF K+S
78.9x61.1%€2.0b
FPE3 Fuchs
19.3x8.9%€5.1b
GR3 Greif
12.6x6.4%€3.5b

Price-To-Earnings vs Peers: GR3 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (33.9x).


Price to Earnings Ratio vs Industry

How does GR3's PE Ratio compare vs other companies in the European Packaging Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
GR3 12.6xIndustry Avg. 18.6xNo. of Companies6PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GR3 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the European Packaging industry average (18.6x).


Price to Earnings Ratio vs Fair Ratio

What is GR3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GR3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.6x
Fair PE Ratio13.6x

Price-To-Earnings vs Fair Ratio: GR3 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GR3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€65.50
€76.38
+16.6%
12.6%€88.24€63.57n/a6
Nov ’25€56.50
€72.13
+27.7%
11.9%€85.07€61.95n/a5
Oct ’25€55.50
€67.14
+21.0%
8.3%€76.91€60.62n/a5
Sep ’25€55.00
€67.14
+22.1%
8.3%€76.91€60.62n/a5
Aug ’25€61.00
€70.45
+15.5%
9.1%€80.72€63.29n/a5
Jul ’25€55.00
€71.93
+30.8%
8.5%€82.00€65.23n/a5
Jun ’25€58.00
€70.27
+21.1%
8.5%€80.93€64.38n/a5
May ’25€57.00
€71.72
+25.8%
8.5%€82.61€65.71n/a5
Apr ’25€62.50
€71.70
+14.7%
8.6%€80.38€63.94n/a4
Mar ’25€58.50
€71.52
+22.3%
8.5%€81.21€64.60n/a4
Feb ’25€57.00
€70.63
+23.9%
8.5%€80.20€63.80n/a4
Jan ’25€59.00
€68.98
+16.9%
11.9%€81.75€59.46n/a4
Dec ’24€62.50
€73.23
+17.2%
13.5%€88.82€63.31n/a4
Nov ’24€59.00
€73.23
+24.1%
13.5%€88.82€63.31€56.504
Oct ’24€64.00
€73.80
+15.3%
13.6%€88.94€63.40€55.504
Sep ’24€66.50
€72.41
+8.9%
13.6%€87.26€62.20€55.004
Aug ’24€66.50
€70.92
+6.6%
13.6%€85.46€60.92€61.004
Jul ’24€63.50
€69.81
+9.9%
14.7%€87.50€62.36€55.004
Jun ’24€55.50
€66.37
+19.6%
9.8%€77.55€61.12€58.004
May ’24€57.00
€66.37
+16.4%
9.8%€77.55€61.12€57.004
Apr ’24€57.50
€66.58
+15.8%
14.1%€80.55€54.02€62.504
Mar ’24€66.50
€68.82
+3.5%
13.9%€84.84€59.39€58.504
Feb ’24€65.00
€63.23
-2.7%
18.5%€82.95€47.01€57.005
Jan ’24€63.00
€63.52
+0.8%
17.5%€84.70€48.00€59.006
Dec ’23€67.00
€65.43
-2.3%
17.1%€86.38€48.95€62.506
Nov ’23€67.00
€67.41
+0.6%
17.6%€90.32€51.18€59.006

Analyst Forecast: Target price is less than 20% higher than the current share price.


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